6 Places You Can Spend Your Bitcoin Fortune

Via The Daily Bell

Bitcoin certainly has some flaws, and other cryptocurrencies may very well take its place in time. But it is the trailblazer, and early adopters are now rolling in digital dough.

Contrary to popular belief, you can, in fact, spend your Bitcoin. Here are ten places to make it rain with your newfound crypto wealth.

1. Switzerland

A ski resort in Switzerland now accepts Bitcoin. The southern Swiss town of Chiasso now accepts Bitcoin payments for tax bills up to 250 Swiss francs. And you can even buy late night sausage snacks from Wurst and Moritz with Bitcoin. About 200 businesses in Switzerland accept the cryptocurrency.

2. Japan

Over 260,000 Japanese businesses use the point-of-sale app Air Regi. The company which created the app, Recruit Lifestyle, partnered with a Japanese Bitcoin exchange last summer. The app now allows stores to accept Bitcoin.

Of course, the ability to accept Bitcoin doesn’t necessarily mean that they all will. But at least 5,000 retail establishments in Japan currently accept Bitcoin. Included are Capsule Hotels, a chain of eyeglasses stores, and a company which owns five chains of restaurants.

3. Expedia

How do you get to Switzerland or Japan only using Bitcoin? Simply book your travel and hotels on Expedia. Expedia has accepted Bitcoin for payments since 2014, partnering with Coinbase to complete payments.

But they aren’t the only travel you can buy with the cryptocurrency.

Daedalus Drones, for example, offers its services for Bitcoin. AirBaltic and Polish Airlines LOT also accept Bitcoin as payment.

4. Anywhere that accepts Credit and Debit Cards

Who has time to seek out businesses that accept Bitcoin? Instead, just get a Bitcoin debit card and use it anywhere that accepts plastic, online or in person. Bitpay allows you to simply load Bitcoin onto a card with your name on it, and spend it anywhere that Visa is accepted. An app lets you monitor activity and add more money to the card.

This article highlights some other options for Bitcoin debit and credit cards. Some even let you to spend other cryptocurrencies like Dash and Ethereum.

5. Overstock.com (and Amazon with Purse.io)

You can makes purchases on Overstock.com with Bitcoin. The website is similar to Amazon, offering thousands of products from appliances, clothing, camping supplies, and jewelry.

But if you can’t pull yourself away from Amazon, you can still make your purchases in Bitcoin using the purse.io website. They offer a discount for shopping with Bitcoin, by matching you up with someone seeking to buy Bitcoin. They purchase the goods for you with dollars or gift cards, and you send them the Bitcoin. But don’t worry, Purse takes care of all the details.

6. New Hampshire, USA

The coastal town of Portsmouth New Hampshire boasts a laundry list of business establishments that accept Bitcoin. There are cafes, a yoga studio, restaurants, a theater, a smoke and vape shop, and of course, a beer garden that all accept Bitcoin. The Free State Bitcoin Shoppe, exclusively accepts cryptocurrency, and the owners are happy to educate customers on everything crypto. Check out The Daily Bell’s interview with co-founder Derrick J. Freeman.

Across the state, Keene is another Bitcoin epicenter, where you can spend cryptocurrencies in a number of establishments.

New Hampshire actually passed a bill to prevent Bitcoin and cryptocurrencies from being regulated in the state. It also exempts businesses which deal exclusively in cryptocurrencies from money transfer laws.

New Hampshire is arguably the most Bitcoin-friendly state. This is likely due largely to the Free State Project situated in the state encouraging liberty-lovers to move there. Many “Free Staters” were early adopters of Bitcoin. This means some serious crypto-wealth is now situated in New Hampshire. So expect this to have an even larger impact on the market and politics of the state in coming years.

But…

Of course, none of this really addresses whether or not you want to spend your Bitcoin. Some people see it as an investment. But a more accurate description is a speculation, seeing as there is no solid way to know the future of Bitcoin.

High transaction fees for Bitcoin transfers are another issue that has yet to be addressed. Other cryptocurrencies like Ethereum and Dash may hold more promise for the daily use of digital cash.

But never-the-less, those awash with newfound Bitcoin wealth can, in fact, spend it.

As always, the best advice is to diversify. Bitcoin might not remain the gold standard, but cryptocurrencies are here to stay.

Comments

Mango327 Gap Admirer Mon, 01/01/2018 - 12:49 Permalink

Funny how every ZHer understands that fiat currency will eventually be inflated into oblivion, understands in concept that BTC is limited supply, but less than half will accept that BTC has a value prop in and of that relation itself. Computers are only good for bitching about the Jews, it seems, not good enough for an open source private payment network. What will be, will be. Doom-Twats are adorable creatures, nevertheless.

In reply to by Gap Admirer

kochevnik 11b40 Mon, 01/01/2018 - 08:56 Permalink

Peopples I make so much joobux with bitconnect and tethers I learn that I can tether the joobux and connect the bits into real business making economy of Zimbabwe every month.  So I quit my real job posting photos of my sister Luliyanna on dating sites to entice lonely foreigners and extort them with Nigerian scammer ant army catfish scam to build new pyramids in cyberspace.  Of course crypto will grow 10X fueling my flawless business plan and pay authorities to look another way.  I hope they forget about 20/20 investigation.  Hope Trump starts moar war and everyone distracts again!  I am so empowered I will remodel the closet into a real office and stop renting the boutique London mailbox

In reply to by 11b40

Senor Science Sun, 12/31/2017 - 15:47 Permalink

Just a question. How do these business's price their products and services in bitcoin? Do they adjust their prices hourly/daily as bitcoin fluctuates with respect to their normal currencies?

U4 eee aaa Senor Science Sun, 12/31/2017 - 16:33 Permalink

Many will do instant transfers so the minute they get their BTC they will exchange it to US$. Others will keep a float and deal with suppliers that will take BTC for payments so it works like a barter network. It depends on how much business you are doing in BTC and it helps that it's value is on an uptrend so that you only need to hold for a short time and the value of the transaction increases. Many also use this method to accumulate BTC which is one of the main purposes in accepting it

It is not much different than other forex trading. Especially in the weaker, more volatile currencies

Some, like the (shameless plug) site in my profile, take in BTC and other cryptos and pay in BTC. So it is its own ecosystem

In reply to by Senor Science

steve2241 Sun, 12/31/2017 - 19:02 Permalink

"Expedia has accepted Bitcoin for payments since 2014, partnering with Coinbase to complete payments."

If Expedia kept the Bitcoin instead of immediately transferring it into fiat, Expedia could be a screaming buy in 2018!  Do accounting rules exist requiring them to notify shareholders of a bitcoin balance and its outstanding value?

 

PN7 Sun, 12/31/2017 - 21:03 Permalink

I'm pretty sure PayPal accepts bitcoin deposits to your PayPal  account.  Have not tried it yet...don't know what the fees are like.

Dr. Bonzo Mon, 01/01/2018 - 03:35 Permalink

The umpteen gazillion places I can spend the fiat in my wallet... is it really money? No. Does anyone give a shit? Apparently not. Living in the real world boys.

maxblockm Mon, 01/01/2018 - 07:13 Permalink

Bullion for Bitcoin:

https://amagimetals.com      No Limit

https://bullionstar.com          200BTC ($3.6million)/day

https://apmex.com                $250k/order

https://providentmetals.com   $250k/order

https://suissegold.com            $100k/order, higher with prior approval

https://goldsilver.com              $100k/order, increasing soon

https://jmbullion.com               $100k/order

https://silver.com                     $100k/order

https://veldtgold.com                $100k/order

https://moneymetals.com          $100k/day

https://schiffgold.com

https://americanbullion.com

(figures from 12.12.17, send message to [my username] at gmail dot com if an update is needed)

qr259100 Mon, 01/01/2018 - 09:32 Permalink

Bit coin is so revolutionary it is stunning that it is even being allowed to occur. The value of having a currency not manipulated by governments and banks in the people’s hands is hard to imagine. But there are flaws in this system of currency that will cause problems.  The block chain is going to eventually be too large to handle and it does not actually fulfil all the requirements of a currency. Further it should be completely anonymous and it is not.

There is another digital currency that says it fulfils all of these requirements.  Whether it really does needs to be seen but I for one like the idea of a digital currency that is not controlled and manipulated by politics and banks.

It seems that a door has opened that will allow for a digital currency to replace fiat currency as long as it fulfills all the requirements of an actual currency and that people embrace it quick enough before governments try and knee cap it with their propaganda machines. An economy not being played like a puppet by banks and politicians would be a very different economy.

Check out CloudCoin and see it fulfills the requirements for a real digital currency. I think it does but it isn’t proven yet. I’d like to see some hackers go after it. I’d like to see it get its ass kicked all over town. I’d like to see if it can be a true replacement for fiat currency.

For a full analysis of the differences between Bitcoin and CloudCoin and the flaws of the block chain check this site out.

https://cloudcoinconsortium.com/index.html

Get a free book called “Beyond Bit Coin” and 5 free coins here.

http://digitalfrontiernews.com/?affiliates=25

 

Semi-employed … Mon, 01/01/2018 - 10:35 Permalink

The Free State Project actually did something for freedom. Unlike most of us who just bitch in the comments sections. Congrats to them on their well-deserved crypto wealth!

ogretown Mon, 01/01/2018 - 11:17 Permalink

Do not forget Gyft!  The banger running the estate did every single mother a solid by presenting them with Amazon gift cards. All out of the profits of his estate based mining endeavors.  

Why Bother Why Bother Mon, 01/01/2018 - 14:21 Permalink

The "6 Places You Can Spend Your Bitcoin Fortune" article is so 2016! When you find that your 200 transactions using Shift payments debit card were recorded on Coinbase as $5300 in capital gains for 2016 you stop using Bitcoin as a medium of exchange. The Forbes article does say that most people like me switched from using Bitcoin as medium of exchange to store of value. It makes sense to spend worthless inflationary fiat and hold precious bitcoin. I treat it like gold. I don't spend gold I stack it. Same for Bitcoin now.

In reply to by Why Bother